Struggling With Debts?

Are you in a financial crisis and you don’t know how you’re going to pay your debts, the kids’ school fees, the municipal account, or your cellphone bill?

Then we could help you to ensure that there is enough money every month to pay your living expenses, pay all your creditors, AND have some money left for those unforeseen expenses, before your next payday.

All you have to do is say yes, we will do the rest!

Why should I consider Debt Counselling, and what can it do for me?

• It can reduce your monthly debt installments by up to 50%;
• It can provide you protection from repossession or legal action by creditors;
• You are legally protected from being blacklisted, if you aren’t already;
• Your credit record can be cleared after your debts have been repaid; and
• It can make sure you are able to afford basic living costs again.

“To Qualify for Debt Counselling You Need to be Over-indebted. This Means You…”

• Are struggling to pay your current debt on time.
• Do not have enough to pay debt after essential living expenses.
• Are probably unable to pay all future debt should you take out further loans.

If your bank and other lending companies are no longer prepared to loan you money, and your creditors are sending you final demands, it is probably time to consider going for debt counselling.

It is nothing to be ashamed of – having too much debt and being blacklisted can happen to anybody. When you’re in this situation, debt counselling is probably the best step you can take to get back on track financially.

And you don’t have to do it on your own… we will assist you every step of the way. We have a unique system whereby you can track what is being paid on a monthly basis, and we are a phone call away should you have any concerns or queries.

“Let us know if we can help you by completing the form on the right or…”

Almost everyone has debt these days. With the price of petrol, cars, houses, consumables, and your monthly municipal bill, it’s almost impossible to pay cash for everything. Yes, and unfortunately we tend to overspend and live above our means. It’s natural to want to spend the money you earn. Thing is, we make unwise purchases and don’t think before we ink!! With the result, we end up with debt that we can’t handle.

This is why it could be necessary to apply for debt review, even if you think you don’t need it. It’s worth it in the long run. Let me explain…

What is debt review exactly and how does it work?

You will apply for debt review with the help of a registered debt counsellor or consultant. He will need to look at all your financial information, including your income, expenses, assets and liabilities, and check to see whether you are over indebted. The debt review process can take up to 60 working days. Once all the info is consolidated, the debt counsellor can then determine if you are over indebted.

Unfortunately, you have to be over indebted to go under debt review. If you do not qualify for debt review, the debt counsellor can still assist you with a payment plan.

Where and how do I start?

You will need to start somewhere, and that could mean making some painful lifestyle changes, such as starting to work through a comprehensive budget to cut back on your expenses.  It could mean finding another home for expensive pets, or getting rid of your DSTV and any extravagant nights out. Ouch!! You might even need to sell your dream house, or your second car or motorbike that you can really do without.  It all depends on your circumstances, but with perseverance you can pay off your debts and become debt free again! The choice is yours – take the plunge and check out debt review!

What does the debt counsellor do?

If you do qualify for debt counselling, the debt counsellor will prepare a debt restructuring proposal to your creditors. The biggest benefit however, is in not having to pay the full instalment due to your creditors. A reduced payment arrangement is put in place allowing you to pay your creditors less on a monthly basis. This makes paying your debt more affordable so you can get on with your life.

The result of debt counselling

Once everything is in place and the ball is rolling, you will feel like a mountain has lifted off your shoulders. It feels good to not have to stress about how you will you’re your creditors at the end of every month, not to mention receiving threatening telephone calls and final demands. Great thing when being under debt review, is your creditors cannot take any legal action against you or repossess any of your assets. Bargain!!

The downside of being under debt review

The draw back of debt counselling (and yes, there is always a downside), is that it will take you longer to get debt free, with the result, it is more expensive. Another reason is you will not be allowed to get anymore credit while under debt review. That means you will have to cut up your credit cards – yes, not so nice is it, especially since it’s been your buddy for years!!

What are the fees for debt counselling?

The allowable fee is R3000 plus VAT, or R4000 plus VAT for couples. These fees are set by the NCR (National Credit Regulator), and are deducted from your monthly fees to your creditors, so you won’t have to pay everything up front. That’s good! There are additional after-care fees, as with all debt counsellors, but this will be explained to you by your debt counsellor. These after-care fees are limited to R300 maximum per client and are also deducted from your monthly contribution. It is a small fee, so don’t fear!!

Now that we have that behind us, lets look at how you can find a suitable debt counsellor that you can trust and that is registered to act legally.

How do I know which debt counsellor to go with?

The profession of debt counselling is very new. As a result the quality of debt counsellors vary. It is therefore very important to choose your debt counsellor carefully. Here are some criteria that you need to look out for:

1. The debt counsellor must be accredited by the National Credit Regulator (NCR)
2. It is advisable that they use debt counselling software approved by the NCR
3. They must be compliant with the NCA and the NCR’s Guidelines to Fee Structure
4. To have accepted the Consumer Assist Professional Code of Conduct
5. They must use of the National Payment Distribution Agency to manage your repayments to creditors
6. They should comply with additional company certification that requires training at regular intervals

That’s enough of that. Now, are you blacklisted? If so, we have some tips to help you improve you credit score? You can also find out what your credit rating is.

Your credit rating

You are able to obtain a free credit report online, but it only provides information from ONE of the credit bureaus in South Africa. This is due to the business subscriber having listed you with only ONE of these credit bureaus. To be on the safe side, you should get your credit record from both credit bureaus, either by applying directly to each one, or by getting a consolidated credit record.

Take Note: Once you have been under debt review and paid off your debts, your name is automatically removed from the credit bureaus, so you will have a clean credit record!!!

Some helpful tips and advice

If you find out you are blacklisted, as a result from being over indebted, its time to seek a debt counsellor, and go under debt review. If you are blacklisted, but you can afford to pay off your monthly accounts, do so as soon as possible, and ON TIME.

This is important, because each month your payments get recorded in the Payment Profile section of your credit record, and provided you have been paying your accounts on time for at least six months, or preferably a year, you stand a far better chance of being granted credit. If you can’t pay the full amount, at least pay something, and keep in contact with your creditors.

If you have judgments against your name, it is critical to have them removed as soon as possible. We can help you with that too! We have respected attorneys that will give you excellent professional advice as to how to conduct your finances, and assist you with clearing your name after your accounts have been paid in full. It’s worth the effort believe me, and worth every extra cent paid to sort out your credit record.

“Complete The Form On the Right To be Contacted Within 24 Hours! Or…”

Debt counselling was introduced to bail out those customers who had applied for loans, were deep in debts and unable to find the money to keep up with their monthly debt payouts. The process also provided a framework to restructure the debts and make sure that instead of a complete loss, the customer could continue to pay his installments.

Debt counselling provides the customers with the much needed breathing space to pay up on their loans. The process is quite simple and yet complex. The customer, who is unable to meet his debt obligations, applies to a debt counselor who in turn negotiates on his behalf with the party who provided the credit in the first place. The aim of the debt counselor is to get the monthly repayments reduced to a comfortable limit for the customer who hired him.

There are two ways in which the debt counselor can get the monthly repayments reduced. One way is to renegotiate the interest rates and the other is to work on the repayment period. Once the customer has applied for debt counselling, the counselor assesses the financial position of the customer. In case, the customer is not being able to meet his debt payment requirements after spending money on his basic living expenses, he is considered over-indebted.

The counselor will send a legal notice to the credit company and inform them that have applied for debt counselling. If he finds that the customer’s situation is indeed that bas, he will send another notice to the credit company. The new repayment model shall be proposed and both parties will have to work out an arrangement in the next two months.

Almost all debt counselling requests end up in court. This works well for both parties.  The creditors know that the customer won’t fall short on the payments and the customer can have the peace of mind that the creditors won’t seek legal action once the debt counselling is done.

However, one thing as to be kept in mind. Once the customer applies for debt counselling, he has to stop paying the creditors and has to pay the Payment Distribution Agency (PDA). This amount is the amount the customer is comfortable paying each month.

To be eligible for debt counselling, you must have a regular income. It is immaterial if you are working in a company or are self employed. The income must be such that you have money left after you have paid for the basic expenses like food, transport and other such expenses. The money that is left after these expenses is the money that shall become the new debt repayment.

Those who have taken debts must understand that once you realize you are falling short on the debt payments, you must seek debt counselling as soon as possible. This will keep you out of trouble and not have the credit company send court summons to you for non-payment of the debt.

Debt counselling is the process in which the borrower can ask for a reprieve from the money-lending party for reduced monthly repayments so as to meet his budget. It works well in most cases as it shows to the bank that the customer is interested in paying the money but is unable to meet the earlier laid-down figure.

The way this process works is that the customer declares that he is unable o meet the monthly repayments of his debt. For this he seeks help of a debt counselor, who checks the finances of the customer. This is known as debt review. Once the debt counselor agrees that the customer really has no money to meet his basic requirements once he has paid off the monthly installment, he negotiates on behalf of the customer with the money-lending party. This helps out the customer in two ways. On one hand he avoids legal action that can be taken against him for not keeping up with the earlier payments. On the other hand he gets relieved from the back-breaking repayments. With the new repayments, things would get better for the customer.

After the debt review, it is not necessary that you will get a new repayment plan. This works only if you are over-indebted. However, even if you are not over-indebted, you can still seek a repayment. Once you have been approved for debt counselling, the debt counselor will prepare a proposal that shall be sent to the creditors. They cannot take any legal action during this time. A restructuring of your debts shall be done and a new payment module shall be made that will suit your pocket.  The debt counselor gets 60 working days to work out a negotiation with the creditors.

To be eligible for a debt review, the customer should have some source of income. He can be employed with someone else or be self-employed. The only thing is that there should be some regular income coming every month. As with anything else, there are pros and cons of debt review. If you are declared over-indebted, you shall be given a new payment module. The creditors can’t take any legal action against you and you shall get the breathing space to pay off your debts with a smaller monthly repayment figure. The downside is that you will take longer to pay off your debts. Also, you won’t be allowed to use your credit cards while you are under debt review. This would hurt those who are accustomed to using their credit cards often.

There is no such thing as free lunch. Debt counselor too shall charge you some money for their services. This will be deducted from the monthly fees that you pay the creditors so you don’t have to worry about paying everything in one go. The fees are decided by National Credit Regulator (NCR).

In today’s grim market conditions, high inflation and interest rates, South Africans need to think twice before applying for a credit. Borrowing money wisely and spending it responsibly is essential to stay away from debt. However, many banks and financial institutions in South Africa lent loans to people easily and assertively in the past. This is the main reason for why many people are immersed in debt today.  If you are struggling to meet your debt obligations every month, you need to get NCR debt help to get your financial accounts back on track.  Debt help does not mean that you will get more credit. Instead, it means that you can get the guidance of debt counsellors and make use of their expertise to change your lifestyle to control your spending and stay away from debt.

The task to clear debt from your life may seem to be impossible. More often, it takes years to amass the debt you have, so it may take years to clear. You need to remember that you are not alone- many South Africans have a significant amount of debt looming over their heads. Once you decide to lead a debt free life, you need to find out the best NCR debt help counsellors online. The accredited counsellors will guide you through the process of debt review. If you are unable to pay all your monthly debt or installments after paying for essential living expenses, you can apply for debt review. The debt counselor will negotiate lower, manageable monthly payments on your behalf to your creditors and see that creditors do not take any expensive legal actions against you.

The South African banks and financial institutions do not want to repossess your assets, unless they have no other option. They are willing to negotiate with the debt counsellors, as the counsellors make them recognize that you are really struggling to make payments. They also realize that you are taking efforts to repay debt. The creditors know that the debt counsellors are working under the National Credit Authority, so they do not take any steps that are against the legal rights of consumers. Getting right NCR debt help therefore ensures you that nothing gets worse with your credit. If you are serious about getting your finances back in track, getting debt help is crucial.

The goal of NCR debt help counselling is to develop a repayment plan that you can afford and your creditors can accept. Thanks to the advent of technological developments, you can complete an application form for debt counselling and submit all essential documents conveniently online. Restructuring your debt with the help of a knowledgeable debt counselor is easy and effective. If you get the help of a debt counselor to develop a repayment plan that helps you repay all your debt within a specific period, you will not be able to access more credit until you pay off all your debt. This helps you take control of your finances easier than you think.

NCR guidelines state that you need to pay up to R50 for debt review, if your monthly income is R2500 per month. The debt counselor can charge a fee to rearrange your debts. If your monthly income is less than R2500, the NCR will pay for debt counselling fees. Getting NCR debt help is the best way to reduce your debt to manageable levels. You can also get essential information and guidance to resolve your day to day credit problems. Leading a life without debt ensures a brighter future to you and your family.

The debt to disposable income ratio of South Africa increased from 50% in 2002 to 77% in 2008. The South Africans are more heavily indebted than people in many other nations. Many occasions require almost all individuals to borrow money. Only a few people can buy home, car or start business from their own money. Borrowing money is not at all a wrong thing. However, lack of effective debt management is problematic, as it can lead to devastating outcomes. If you are overwhelmed by excessive monthly bills, need to pay higher interest rates and/or worried about damaging your credit score, you need to seek the help of reliable, professional and experienced companies offering debt management services.

You can develop plans on your own to become debt free. However, getting the help of professional debt counsellors  can really make a difference. They offer various debt management services, including debt counselling, consolidation, negotiation and credit repair.  They require you to provide all your financial information and evaluate your current situation. They assess how much money you will need to meet essential living expenses, such as food, clothing, shelter and transportation and develop a plan that lets you repay an amount that you can afford to your creditors every month. Debt counsellors  help you settle all your outstanding debt, whilst ensuring you that your creditors will not be taking any legal action against you. They also negotiate with your creditors, so you are more likely to receive reduced repayment rate. They will also insist your creditors to eliminate late fees. Experienced debt counsellors  are generally successful in putting an end to harassing collection phone calls.

More often, getting the help of professionals to develop a debt management plan is beneficial, as the creditors see it as a move in the right direction. They realize that you are making serious efforts to get back your finances on track. Hence, they are ready to reduce your monthly repayment. Before implementing the pan, the debt counsellors  educate you on how to avoid debt accumulation. They let you understand the ways to repay your debt fully through meticulous budgeting, financial education and money management.

Achieving success with a debt management plan requires a strategic approach. Dealing with a debt management company that puts all the important aspects of the plan in writing and explains all the details clearly can help you get out of debt more quickly. The professionals usually provide you with various plans. You need to choose a plan that you can afford.  You can review all the aspects of the plan and go for it, after you get enough confidence that you will be able to make all the required payments when they are due.

You can work with the debt management counsellors  and see whether it is possible to pay slightly more than the minimum on your loans every month. This helps you repay the total debt much faster. You can seek the guidance of counsellors  to keep excess cash in your account for emergencies. If you have more than one loan, you can get the help of experts to consolidate the loan, so that you can pay reduced interest rates. They provide you some valuable advice on how to pay off your credit every month on time and how to avoid ending up in court for paying late. Utilizing the debt management services offered by knowledgeable, experienced professionals can help you get relief from tremendous debt stress and get a solution for over indebtedness.

In today’s tight economic scenario, many South Africans tend to borrow short term and long term loans and take out many forms of credit, such as car loan, home loan and credit cards. The National Credit Regulator advises consumers to borrow money responsibly. However, consumers who are often desperate for financial assistance borrow money from unscrupulous credit providers and sign in loan contacts that they do not fully understand. Some credit providers entrust the task of collecting debts to debt recovery agents, who continuously annoy borrowers by making calls or threaten them via mail. If you are facing such problems, you need to take steps to get your past accounts under control and put an end to the efforts of debt recovery agents.

If you have not paid your loan account for more than 180 days, the creditors will write it off as offending and get the help of a debt recovery agent to get back the loan amount they lent. It not only affects your mental peace, but it also has a great impact on your credit score. The best way to get relief from this problem is to seek out the assistance of an experienced, knowledgeable debt counselor. You need to provide the professional with all the essential information, including your income, essential living expenses and the amount you owe. The counselor assesses your financial status and develops a debt repayment plan. He approaches your creditors directly and negotiates reduced repayment rates and set agreements in place on behalf of you. Once a payment plan has been put in place, you will just need to repay the amount that will be left after meeting your living expenses.

Many consumers in South Africa have encountered a debt recovery agent. Some may be fearful to take the agent’s call or read letters about the debts they owe. A research study shows that unlawful and burdensome charges are added to the original debt in numerous cases. Creditors tend to take legal action against debtors. The financial burden of the debtor is increased, as the creditor includes collection costs and penalty interest to their accounts.  In order to protect yourself from unlawful practices and embarrassment of debt recovery agents, you need to get the right guidance of debt counsellors registered under National Credit Act.  It is advisable to face the facts and deal with agents. You should also know your rights and protections. Getting the help of an NCR qualified professional will give you peace of mind. The professional helps you protect against legal action and possible repossession of assets.

Debt counselling is the best solution to manage your monthly debt payments more easily. It is beneficial for the creditors as well. The creditors more often do not get debt recovery by taking expensive legal action. Moreover, banks and financial institutions always look for ways other than repossession of assets. Hence, they are more likely to accept the new repayment plan devised by the debt counsellors. The debt counsellors have more expertise and experience in negotiating repayments, interest rates and terms with the creditors and they often get a positive response. Once they get the consent of the credit provider, they give you one affordable monthly payment plan. You can make use of this opportunity to repair your credit score and get rid of infuriating phone calls and mail from debt recovery agents.

It is alarming to see how many South Africans are immersed in debt. In the past, South African banks and financial organizations lent loans easily. Today, the economic scenario is bad and many people are struggling to cope with the same debt that was managed easily previously. National Credit Act came into existence in 2007. It allows over in debt consumers to get the help of debt counsellors to manage their debt more effectively. Undergoing debt counselling assures you that your creditors cannot take legal action against you. The main objective of debt counselling is to assist you in developing a more affordable repayment plan, which is acceptable to your creditors as well.

If you are earning some income every month and have money left after meeting the essential living expenses, such as food, house rent and transport, you are qualified to get the assistance of debt counsellors . The entire process is regulated by the National Credit Act, so you can resolve your debt problem quickly. The debt counselling process can take time. The debt counselor first analyzes your financial situation and check whether you are really over indebted. He makes use of criteria set by the ACT to determine your over indebtedness. It is important to provide the counselor with all the essential information like your income, statutory deduction, list of all living expenses and list of all creditors, including credit cards, home loans, and car loans and so on.

The debt counsellors will negotiate with your creditors to reduce interest rates and late payment fees. They protect you from harassing collection calls from the creditors. They create a better repayment plan that suits your monthly income. Once your creditors accept the new payment scheme, the plan will be implemented and you need to follow it strictly. While going through the debt counselling process, the credit bureau in South Africa will have you registered as ‘under debt review” in their system. You can get a clearance certificate after you settle all your outstanding debt.

You may develop a repayment plan on your own. However, debt counsellors have experience and expertise in devising plans. They follow a careful approach to help you get out of financial troubles. If you feel that you are sinking deep and deep in debt and find out that your debt management plans end up without providing any success, you need to get the assistance of a debt counselor. The debt counsellors provide you with various debt management options, after analyzing your financial situation.

Ensure that you choose the best debt counsellors , so that you can get out of debt easily and quickly. The counsellors  you want to choose should be registered with the National Credit Act. You need to check how long they have been offering debt counselling services. Checking the registration number of the counselling company can help you understand their experience in this field. The first four numbers of the registration number indicates the year in which it was registered. You also need to check how many employees are working in the company. Debt counselling is a complicated process that requires sufficient number of well trained staff. If the debt counselling company has 10 or more than 10 employees, it is worth to consider.

The debt counsellors who have access to lawyers can help you in legal works involved with your debt counselling application. Debt counsellors are available online nowadays, so you can enjoy the convenience of talking them from your home. However, make sure whether you are talking to a debt counselor directly or to a middle man through a comparison site.

Choosing the best debt counsellors can help you get back your life on track. They can aid you to find a solution that fits your needs.

In South Africa, the number of people having debt over their heads is increasing year after year. The household debt to income ratio is on the raise. Single parent households and households with a large number of members are more prone to over indebtedness. If you are struggling to make monthly payments and feel that the situation is out of your control, you need to get debt counselling South Africa. Debt counselors are trained professionals who help people deal with their debt problems. They negotiate on your behalf with your creditors and make them agree to reduce interest rates. They develop a repayment plan that lets you cover your essential living expenses and apportion the remaining funds to pay off your debts.

Debt counselling South Africa can help you stop the embarrassing collection calls, reduce your monthly repayments, save your assets and protect your good name. The benefits of debt counselling include debt consolidation, protection from hounding creditors and restoration of your credit records. The experienced counselors devise a budget for you after taking your current position into account. They help you put your debts into one manageable bundle by way of consolidation and making it easy for you to repay the loan. The debt counselling process was regulated under the National Credit Act. The Act aims to restrict reckless lending and prevent people from over indebtedness.

Debt counselling is an effective method that helps you take control of your financial situation. You can apply for debt counselling South Africa conveniently online. By opting for debt counselling, you can sort out your financial problems without taking further credit. It relieves you from the stress of making payments more than what you can actually afford. It provides you with an opportunity to restore your credit profile. Once you clear all your outstanding debt by using debt counselling services, you can have a clear record and you can even apply for a new loan. Debt counselors aid you to consolidate your multiple loans. Making single affordable monthly repayment can keep you at ease. The cost of debt counselling is much lower than that of foreclosure and judgment. It is a financially viable solution to protect your assets legally. Once you have made application for debt counselling and get qualified for it, the creditors can no longer attach any assets or take any legal action against you.  If you are not comfortable with the counselling process, you may withdraw from it at anytime.

Debt counselling is usually a lengthy process that takes up to three months. The creditor is ready to negotiate with an experienced debt counselor than with you. Debt counselors will make him realize that you are really over in debt and cannot afford payments every month. He will also recognize that you are taking steps to repay his loan. Debt counselling helps to come up with a solution, which is affordable to the consumer and acceptable to the creditors. In order to qualify for debt counselling South Africa, you need to have an income. You can be either employed in a company or self employed. You need to have income that is sufficient enough to meet your essential expenses and to pay off some debts every month. The money you have in hand after meeting your essential expenses is the money that will be available to your creditors.  You can get an assurance that you will never need to pay more money than you can reasonably afford. An experienced debt counselor will also be able to give you right advice on how to cut your monthly expenses.

Delaying or defaulting debt can cause bad debt and several other problems, including the credit provider taking lawful action against you. Once you get into bad debt, it will affect your credit rating and your ability to get new credit. You may end up having sleepless nights, getting continuous calls from creditors and worrying about losing your property.  . If you find it difficult to meet your monthly financial obligation, you should not try to hide yourself, as this will aggravate your problem.  Instead, you can contact an experienced debt counsellor, who can help you handle debt repayment. The National Credit Act that came into effect in South Africa from 2007 let you apply for debt counselling and debt reviewing. You can get to know how to restructure your debt with the help of debt counselling and clear your debt conveniently and quickly.

You can apply for debt reviewing, if you have multiple debts and face difficulty in meeting all your financial obligations. The debt review process may take a few days to complete. The debt counsellor informs all your creditors that you have applied for debt reviewing.

Debt counselling is the cheap yet effective way to get rid of bad debt. You are qualified for debt counselling in South Africa, if you earn some income every month and have money left after meeting your essential living expenses, such as food, rent and transport. You can be either an employee of a company or self-employed. The debt counsellor negotiates with your creditor on behalf of you and helps you make lower, manageable monthly payments. They streamline your payments and instalments, making them easy to manage. By getting the help of a debt counsellor, you can avoid any additional expenses and legal costs from your credit provider. You can put an end to nonstop frustrating calls from your creditor and get relief from the fear of losing your house, car or other properties. The debt counsellor lends you a hand to get your credit clean again and gain financial freedom easily and quickly.
You need to provide the debt counsellor with some important documents like your income proof, identification card and credit bureau report to get help to come out of bad debt. You need to give a list of all your essential living expenses per month and the list of all your creditors. You may also need to provide a recent statement for every creditor. If you are married, you also need to give the details of your spouse.  Once the debt counsellor received all the details, he will inform the credit bureau that you have applied for debt counselling. As the counsellor informs all your creditors about your application for debt counselling in the right manner, they stop their attempts to take legal action against you. Creditors always look for some ways other than repossession of assets, so they will be happily agree to wait for some time, until the debt counsellor restructures and consolidates your debt. They will be more willing to talk with a professional than to talk with you, so the chances are more for negotiation. If you give full co-operation to the debt counsellor, you can get relief from bad debt much faster and start leading a normal, debt free life.